Can I Get A Mortgage With Bad Credit

Have you found it difficult finding a mortgage or remortgage because you have a bad credit profile? First Choice Finance could help, because we have access to not only mortgages from high street banks, but also specialist mortgage lenders with bad credit mortgage plans.

When you enquire to First Choice Finance for a mortgage then a fully qualified mortgage adviser will search to find the best mortgage plan that is suitable for your individual needs.

Each mortgage lender have their own criteria to determine the mortgage rate you are offered, our mortgage advisers are extremely knowledgeable and can help compare the mortgage criteria from the different mortgage plans to find the best plan suitable for you. Furthermore we will let you know what is available for you for free and if you do not like the offer quoted, simply walk away at no cost to you at all. To help you understand how the mortgage lenders look at different circumstances here are some factors that are considered by mortgage providers:

• Missed Mortgage Payments - If you have mortgage arrears, past or present then this will impact on your credit profile, that may make finding a mortgage more difficult or increase the cost, your mortgage adviser is aware of the lenders who are most lenient on mortgage arrears cases and will search them to find the best mortgage plan suited to you
• County Court Judgements (CCJ) - A CCJ against can be a sign of previous credit problems, First Choice Finance have a number of CCJ mortgage plans that accept people who may have CCJ`s in there credit profile

• Mortgage Loan To Value - If you have a low loan to value, then you could receive a better mortgage rate

Bad Credit Mortgage For Debt Consolidation

If you are having difficulty keeping track of your payments on your existing debts and are falling behind on credit cards, personal loans, store cards or other existing debts, then First Choice Finance could help you consolidate your debts into your new mortgage, reducing your monthly outgoings and simplifying your debts into one payment each month and giving you a fresh start, visit our mortgage debt consolidation calculator to see what payments your mortgage could be in comparison to your current debts and see if we can help you ease your cash flow and get back in control of your finances.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.